Sock Academy Ltd

Sock Academy Ltd is a small, holding company based in Hitchin, UK, with an active trading status. Founded nineteen years ago on March 15, 2006, it employs twelve people and operates from a real address at Unit 3 Hexton Manor Stable, Hexton. The company has three directors and one owner, with Jatania Holdings Ltd listed as the parent entity. It’s a holding company, and its primary activities involve the manufacture of men’s underwear, the wholesale of clothing and footwear, and retail sale via mail order houses or via internet industries.

The company’s website, Sock Academy Incorporating UnitedOddsocks.com and CockneySpaniel.com, highlights its diverse offerings. It features a trade enquiry and login section, alongside contact details and brochures. The website also showcases two brands: United Oddsocks and Cockney Spaniel, both emphasizing unique sock designs. The company’s e-commerce presence is clear, with a focus on trade customers and online sales.

Financially, Sock Academy Ltd presents a mixed picture. Over the past year, cash bank on hand has significantly decreased by 64%, falling from £700,000 to £260,000. Net assets have also declined by 41%, dropping to £460,000. While trade debtors have decreased by 48%, creditors have also fallen by 36%. There's a substantial increase in total inventories, up 22% to £320,000, and a decrease in future minimum lease payments by 60%. Despite these challenges, the company’s turnover remains under £10.2 million, its balance sheet total is under £5.1 million, and it has fewer than 50 employees, qualifying it as a small company. The lack of an auditor mentioned suggests it’s exempt as a small company, and the financial statements are unaudited.

The company’s irregular import activity (one month of imports) and regular export activity (fifteen months of exports) indicate a focus on international trade. The sharp decline in cash reserves and net assets, however, raises concerns about its financial health. It’s possible the company is investing in growth or facing increased competition, but further investigation is needed to determine the underlying causes.

Registered in England/Wales under the registration number 05743003, with a registered address at SG5 3JH, England, Hitchin, Hertfordshire, Unit 3 Hexton Manor Stable, Hexton.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.